Again kena stopped out for my share, this time is Noble at $3.31. To me, due to today also Friday and there is a job data from the US for Dec still depending. I want to be able to sleep well, so I set the stop-loss order too narrow to protect my profit. So..
again hit the mark, never mind some profit is better than no profit.
Btw...Shit, Wilmar just shot up this morning. Man....gap up to over $7.01 then dropped back. Seem that whatever I sold....fly the next day or so! I must have a flower bath to cleanse myself come this 1st of 12th mth of lunar calendar ( 15/1/10 ).
The other thing I noted....the more I fear the worst the result. I must slow down my trading for now.
Nett result for funding....now at 73% having loss 27% till to-date. For my CPF trading, slightly better becoz I can hold as long as I want that is until I show a profit before selling. In fact....this is not to my own expectation too. Maybe will also slow down.
Friday, January 08, 2010
Thursday, January 07, 2010
Thursday - market's up-date
Due to some fears about banks in China tightening the lending....lead to market around the world having a mini correction. None is spared...shit! Look like this China is so strong and powerful now that it's market leads other markets up or down.
By this year...it is supposed to be the 2nd largest market in the world.
SGX....in the morning, it was fine esp for my stocks...Wilmar, Noble, Yanlord. Only my Genting is showing a loss. Then I went to do some cooking....my lunch and by the time I finished cooking and eating. Shit...it has came down but still showing a small profit.
But the loss for Genting has widen...to 3 to 4 cents per share.
By then...too late to do anything except to edit my stop-loss and I went to sleep since I am working. By the time...I woke up at 4:30pm, noticed my Wilmar was "stopped out" btw I am doing profit protection since I have a profit to show mah. :)
For the rest....Noble was steady and end with a cent gain, Yanlord was weak at the knee...showing a 3 cents loss and Genting also showing a 3 cents loss. Oh...Allgreen also showing a 3 cents loss. Total....knocked me back by 8% today.
So...trading is not a easy street thing for anyone, it takes guts to enter and exit the market and the only thing once already enter the market...is to self protect by placing a stop-loss order if not ....die until don't even know why?
For profit...can only hope for the best and ride the trend.
By this year...it is supposed to be the 2nd largest market in the world.
SGX....in the morning, it was fine esp for my stocks...Wilmar, Noble, Yanlord. Only my Genting is showing a loss. Then I went to do some cooking....my lunch and by the time I finished cooking and eating. Shit...it has came down but still showing a small profit.
But the loss for Genting has widen...to 3 to 4 cents per share.
By then...too late to do anything except to edit my stop-loss and I went to sleep since I am working. By the time...I woke up at 4:30pm, noticed my Wilmar was "stopped out" btw I am doing profit protection since I have a profit to show mah. :)
For the rest....Noble was steady and end with a cent gain, Yanlord was weak at the knee...showing a 3 cents loss and Genting also showing a 3 cents loss. Oh...Allgreen also showing a 3 cents loss. Total....knocked me back by 8% today.
So...trading is not a easy street thing for anyone, it takes guts to enter and exit the market and the only thing once already enter the market...is to self protect by placing a stop-loss order if not ....die until don't even know why?
For profit...can only hope for the best and ride the trend.
Wednesday, January 06, 2010
Trading
So far, so good....making up for the losses but I still have bad habits of itchy backside. Nothing to do....go and anyhow find some stocks to buy without do much scanning or charting. Therefore...buy without proper understanding the situation for the counter.
Now...totally clear off all the HK stocks, I lose due to them. They are fun in the sense that HK market is very active. They only trade for a total of 4hrs a day but their volume is very huge. Maybe their top 10 counters' volume would be more than our whole market's volume. Just think of it....blink non-stop for the top counters.
Still...not a good idea just to buy for fun and lose money doing it. So, stop and put focus on SGX counters. These stocks esp the old blue chips one....I should know well since when the market is good, they would easily move up.
In fact...at the Tue's night mentor's session, this guy Tham...he said that for him, he just focus on some of those old fundamentally strong stocks to play and he would make enough for a couple of years.
So today...do it his way, and I am left with just Wilmar, Noble and Genting. I shall be adding Yanlord to my portfolio tomorrow.
Now...totally clear off all the HK stocks, I lose due to them. They are fun in the sense that HK market is very active. They only trade for a total of 4hrs a day but their volume is very huge. Maybe their top 10 counters' volume would be more than our whole market's volume. Just think of it....blink non-stop for the top counters.
Still...not a good idea just to buy for fun and lose money doing it. So, stop and put focus on SGX counters. These stocks esp the old blue chips one....I should know well since when the market is good, they would easily move up.
In fact...at the Tue's night mentor's session, this guy Tham...he said that for him, he just focus on some of those old fundamentally strong stocks to play and he would make enough for a couple of years.
So today...do it his way, and I am left with just Wilmar, Noble and Genting. I shall be adding Yanlord to my portfolio tomorrow.
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